The Semiconductor Industry Association (SIA) and a coalition of 17 major business and trade groups in US sent a letter to Congress urging the extension and expansion of the Advanced Manufacturing Investment Credit (AMIC) in US. The tax credit, which supports semiconductor production, is scheduled to expire at the end of 2026. The groups are requesting that the credit be extended and broadened to include semiconductor design and other critical R&D activities.
The AMIC has contributed to over $640 billion in announced investments across the U.S. semiconductor supply chain, covering 140 projects in 30 states and more than tripling domestic semiconductor manufacturing capacity.
The signatories represent key sectors including semiconductors, artificial intelligence, cloud computing, defense and aerospace, connected and autonomous vehicles, advanced wireless communications, medical technology, and manufacturing.
“To be the world’s economic, technology, and security leader, America must lead the world in semiconductors,” said SIA President and CEO John Neuffer. “The Advanced Manufacturing Investment Credit has been a major driver of America’s recent semiconductor resurgence, and it’s critical policymakers act now to build on this success.”
The letter emphasizes the need to maintain momentum in U.S. chip production, strengthen supply chain resilience, and support long-term capital investments through policy certainty. Expanding the credit to design activities is described as essential to maintaining U.S. competitiveness in chip design.
